Conger

APRIL 1, 2024

By carefully planning and scheduling maintenance before issues arise, businesses can avoid interruptions and reduce costs associated with emergency repairs and downtime. Continue reading to learn more about this essential strategy to ensure your equipment performs optimally at all times. Let’s dive in!

Material Savings 82

Material Savings Expense Reduction Resource Reduction Cost Reduction 82

Conger

JANUARY 27, 2023

Examples of automation range from a household thermostat to a large industrial control system, self-driven vehicles, and warehousing robots. Examples are industrial robots and multipurpose CNC machines. When automation is used in industries or manufacturing, it is called industrial automation.

Supply Chain Software 52

Supply Chain Software Examples Supply Chain Design Software Supply Chain Planning Software 52

The Logistics of Logistics

FEBRUARY 11, 2022

You are Making Significant Logistics Strategy Changes : When you realize that your current WMS cannot support new processes effectively or at all. You are Facing New Omnichannel Fulfillment Requirements : The boom of ecommerce and direct to consumer demands require new strategies and cutting-edge WMS capabilities.

Modeling Software 221

Modeling Software Logistics Network Optimization Software Cost Reduction Vendor Strategies 221

Logistics Viewpoints

JANUARY 31, 2022

Let’s put a major multinational – Saint-Gobain – under the microscope to illustrate how this kind of analysis. It increases site productivity, reduces the usage of raw materials by up to 50%, but also leads to a more comfortable building. Who is Saint-Gobain? Compagnie de Saint-Gobain S.A. and Data Science.

Material Savings 125

Material Savings Cost Reduction Price Reduction Expense Reduction 125

Logistics Bureau

MAY 31, 2021

Let’s begin with a look at why, in general, retailers with multiple sales channels are more likely to experience difficulties in reducing cost-to-serve. Naturally, overall cost-to-serve will be higher for online than in-store sales due to the added expense involved in picking, packing, and delivering customers’ purchases.

Cost Reduction 117

Cost Reduction Purchasing Skills Expense Reduction Inventory Reduction 117

3PL Links

DECEMBER 3, 2023

Predictive Analysis in Logistics and Supply Chain: How to Apply | Image source: Pexels In logistics, predictive analysis is simply the process of identifying and forecasting patterns, trends, and behaviors in both human and machine learning approaches, data, and algorithms. This ratio increased to 54% in 2022.

Supply Chain Planning Software 48

Supply Chain Planning Software Optimal Sourcing Analysis Supply Chain Software 48

Logistics Bureau

NOVEMBER 6, 2023

Of course, there is no quick and easy way to curb increases in the cost of energy and labour, but now is an excellent time to start thinking about practical ways to reduce energy usage and increase labour productivity and efficiency. There are several possible ways to eliminate this form of energy wastage.

Cost Reduction 107

Cost Reduction Purchasing Skills Waste Reduction Material Savings 107

Logistics Bureau

APRIL 3, 2023

If you’re a decision-maker with accountability for your organisation’s entire supply chain, and you’re just starting to think about outsourcing, perhaps to reduce costs or improve service, this post should prove well worth the few minutes it will take you to read it. What Can You Outsource, and What Should You Outsource?

Outsourcing 87

Outsourcing Optimal Sourcing Supply Chain Software Cost Reduction 87

Logistics Viewpoints

MAY 13, 2024

This technology allows businesses to unify their procurement, expense management, invoicing, payments, sourcing, contract management, and spend analysis processes and reporting. Coupa’s BSM platform is based on a public cloud that connects 3500 buyers to ~10 million suppliers. The idea of community was there from the beginning.”

Procurement Solutions 126

Procurement Solutions Modeling Software Procurement Analytics Logistics Network Optimization Software 126

Logistics Viewpoints

JULY 17, 2023

And yet Jerry Peck, the vice president of product strategy for global trade and transportation execution at QAD, made the point that when global companies think about digital supply chains, global trade compliance is often not part of their thinking. For example, the U.S.

Supply Chain Planning Software 112

Supply Chain Planning Software Compliance Supply Chain Software Optimization Software 112

Logistics Problem Solving

AUGUST 4, 2017

What do you do if your logistics strategy is just not working? While there are ways to reverse course after a faulty strategy is deployed, you must first admit it was faulty. Testing is not only a good idea, it is crucial to developing a logistics strategy. This never happens. It’s the key to avoiding unintended consequences.

Expense Reduction 59

Expense Reduction Cost Reduction Price Reduction Strategy 59

3PL Links

APRIL 13, 2023

Lean Logistics analyzes and removes non-value-added operations in order to enhance the flow of commodities and save expenses. The goals of lean logistics include waste elimination and quality enhancement. Lean manufacturing refers to eliminating waste in the production process, such as by speeding up deliveries and throughput.

Waste Reduction 62

Waste Reduction Inventory Reduction Expense Reduction Resource Reduction 62

ShipLilly

FEBRUARY 12, 2021

Take for example the increased emphasis on the purchase of household goods via e-Commerce platforms. Examples of the sought-after perks include guaranteed space, sure-deal equipment, more space on the ship, and finally the ultimate prize of expedited processing. The statistics are startling. Contract Extensions.

Analysis 105

Analysis Manufacturing Procurement Purchasing Skills Price Reduction 105

MTS Logistics

APRIL 15, 2022

Although we had seen many bad examples of the piling up strategy, due to lack of direction, these two ports are also now congested. It is not always so easy to predict which port is going to be congested next, but diversifying the cargo origin and keeping cargo close to several ports is an expensive but safe choice.

Analysis 82

Analysis Cargo Expense Reduction Supply Chains 82

FreightWaves SONAR

JULY 24, 2023

The costs of logistics as a ratio of total expenses are too significant to ignore. For example, according to Global Trade Magazine , “One critical factor that executives should monitor closely is logistics management. While these expenses are known to exist and should be anticipated, the challenge is in their unpredictable nature.

Cost Reduction 105

Cost Reduction Tips Expense Reduction Supply Chain Planning Software 105

Logistics Problem Solving

AUGUST 4, 2017

What do you do if your logistics strategy is just not working? While there are ways to reverse course after a faulty strategy is deployed, you must first admit it was faulty. Testing is not only a good idea, it is crucial to developing a logistics strategy. This never happens. It’s the key to avoiding unintended consequences.

Expense Reduction 48

Expense Reduction Cost Reduction Price Reduction Strategy 48

Logistics Bureau

OCTOBER 9, 2023

Quality and Detail of Data and its Analysis In some of our earlier posts, we’ve stressed the importance of simplicity in distribution network design , and we will return to that topic later in this article. It’s not a short list, so we’ll set it down here as a summary to help you with plans for analysis.

Supply Chain Design Software 90

Supply Chain Design Software Supply Chain Design Distribution Networks 90

Logistics Viewpoints

DECEMBER 12, 2023

Companies annually spend about $325 billion on warehousing — and 85% of that cost goes to operating expenses that include labor, space and equipment. The typical benefits of a WES include an 80% reduction in administrative costs, a 12% increase in units-per-hour, and a 15% improvement in throughput. billion in 2022 to $3.12 The result?

Supply Chain Planning Software 168

Supply Chain Planning Software Supply Chain Design Software Optimization Software Resource Reduction 168

Ship Monk

FEBRUARY 9, 2024

Accurate data forecasting requires accurate data, robust data analysis tools, and people who understand how to use them. Of course, the more data you need and the more sophisticated your methods are, the more expensive demand forecasting becomes. The amount of data available usually depends on the maturity of the product.

eCommerce 84

eCommerce Inventory Reduction Operations Modeling Software 84

EazyStock

JANUARY 31, 2022

Inventory Management KPIs for Effective Inventory Analysis. But with a wealth of inventory KPIs available to choose from to include in your inventory analysis methods, which ones are the most important to ensure you’re on the right track to optimum efficiency? Managing inventory is a complex business. Inventory turnover ratio.

Inventory Reduction 52

Inventory Reduction Inventory Analysis Optimization Software 52

Logistics Bureau

SEPTEMBER 20, 2022

For example, it either makes sense to outsource logistics activity to a 3PL, or it makes more sense to keep it in-house. By then, remediation could be highly disruptive—not to mention expensive. However, as that’s a bit of a mouthful, we’ll try to articulate it a little more clearly. In many cases, it doesn’t.

Outsourcing 98

Outsourcing Cost Reduction Resource Reduction Expense Reduction 98

EazyStock

JUNE 18, 2019

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC analysis (otherwise known as ABC classification ). In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis.

Analysis 51

Analysis Inventory Reduction Inventory Procurement Solutions 51

Automotive Logistics

FEBRUARY 8, 2019

Transformation strategy. To do that CHEP launched its ‘Be a Transformer’ strategy in June 2018 and Gilder says the company has made significant progress. “As We knew we had to change the culture first before we could implement any kind of strategy,” says Gilder. “We The strategy has already had tangible results.

Cost Reduction 28

Cost Reduction Waste Reduction Expense Reduction Inventory Reduction 28

Conger

JANUARY 17, 2023

5S Warehouse Examples 5S Warehouse Training: How to Get Your Team Ready How to 5S a Warehouse Warehouse 5S Checklist Warehouse 5S FAQs Warehouse 5S Quiz What Is 5S? Warehouse 5S is a lean management strategy that helps warehouses accomplish a basic objective: making problems visible. This reduces the time needed to search for things.

Waste Reduction 52

Waste Reduction Inventory Reduction Cost Reduction Resource Reduction 52

Logistics Bureau

JANUARY 7, 2020

Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. In other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.

Supply Chain Design Software 122

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 122

Logistics Bureau

JANUARY 9, 2019

Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. In other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.

Supply Chain Design Software 118

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 118

EazyStock

APRIL 18, 2023

While they did show signs of reducing, a recent surge has seen levels remain high. When demand fluctuates, and costs rise, it can be tempting to throw out long-term strategies to react to these changes. More expensive borrowing. Supply chain infrastructure investment reduces. In 2022, inflation rates peaked at 9.1%

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Inventory Reduction Optimal Sourcing 52

Logistics Viewpoints

AUGUST 14, 2023

Nevertheless, the argument that trade compliance is complementary to a company’s overall tax strategy certainly makes sense to many companies. The large fines above are examples of this class of penalties. For example, the U.S. In many companies, the legal department also rolls up to finance.

Compliance 105

Compliance Supply Chain Design Software Supply Chain Planning Software Sourcing Strategies 105

Conger

JULY 30, 2021

Top challenges and the steps for adopting an omnichannel distribution strategy. 4 Steps for Adapting to an Omnichannel Distribution Strategy. To reiterate, an omnichannel strategy will integrate each of these channels. That said, they are different in a key way: How central the customer is to the strategy. Improved Sales.

Inventory Reduction 52

Inventory Reduction Distribution Vendor Strategies Waste Reduction 52

Logistics Bureau

MAY 8, 2023

If your company has yet to go through such a process, you’re at risk of missing a golden opportunity to reduce logistics costs and improve service with outsourced freight management. That’s not to say outsourcing will be suitable for every company.

Negotiating Skills 62

Negotiating Skills Cost Reduction Resource Reduction Price Reduction 62

Logistics Viewpoints

APRIL 24, 2023

This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. The supply chain design solution, for example, continues to grow in depth and usability. The use cases just keep expanding.

Supply Chain Design Software 121

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 121

EazyStock

JUNE 18, 2019

If you’re wondering what is the best way to manage inventory with hundreds or even thousands of SKUs, you’ve found your answer: ABC analysis (otherwise known as ABC classification ). In this post, we’re going to discuss how you can classify your inventory into three ABC categories and introduce the concept of XYZ analysis.

Analysis 40

Analysis Inventory Reduction Inventory Procurement Solutions 40

Logistics Business Magazine

MAY 17, 2023

There is currently a trend on the market, both nationally and internationally, for brownfield solutions – i.e., the integration of new technology into existing buildings – to become increasingly attractive and a viable addition to the greenfield strategy. The result is another positive cost and time factor. •

Cost Reduction 52

Cost Reduction Efficiency Material Savings Waste Reduction 52

Logistics Viewpoints

FEBRUARY 25, 2022

I thought I understood all the major supply chain implications of the pandemic until I began reading Yossi Sheffi’s new book The New (Ab)Normal: Reshaping Business and Supply Chain Strategy beyond Covid-19. shale or Iran, for example. Those shipments need to go by Ocean or the more expensive Air mode if ship berths can’t be found.

Price Reduction 124

Price Reduction Supply Chain Planning Software Expense Reduction Logistics Network Optimization Software 124

GlobalTranz

JULY 28, 2021

An optimized supply chain is one that is as efficient as possible; it is more likely to reduce costs, increase customer satisfaction rates, and add value for stakeholders. Using an offshore vendor to manufacture a component for a larger automotive assembly is a typical example. Defining Transportation Optimization.

Optimal Sourcing 126

Optimal Sourcing Optimization Software Optimization Supply Chain Design Software 126

GoShip Blog

JANUARY 26, 2021

Thus, businesses should develop a flexible shipping strategy that will provide enough visibility to enhance the ultimate leg of the supply chain – last-mile delivery. While this is the last step, it is often the most challenging and expensive part. Data analysis to improve performance management.

Inventory Reduction 72

Inventory Reduction Supply Chain Planning Software Expense Reduction Supply Chain Software 72

MTS Logistics

JULY 21, 2023

According to a 2020 analysis by the Insurance Information Institute, these disruptions cost firms an average of $1.45 Statistics and Examples 1. This includes costs associated with lost sales, increased operational expenses, and reputational damage. million per event. million per incident. Cargo Theft: In the U.S.,

Cost Reduction 65

Cost Reduction Document Expense Reduction Supply Chains 65